Charles Schwab Investment Advisory, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFF	ISHARES TR	1,399,411	$45,103	0.1%	$32.23	—	PFD AND INCM SEC	464288687
VXUS	VANGUARD STAR FDS	10,115	$610	0.0%	$60.30	—	VG TL INTL STK F	921909768
VGIT	VANGUARD SCOTTSDALE FDS	5,850	$343	0.0%	$58.55	—	INTER TERM TREAS	92206C706
VV	VANGUARD INDEX FDS	1,363	$327	0.0%	$239.76	—	LARGE CAP ETF	922908637
META	META PLATFORMS INC	616	$299	0.0%	$443.21	0.0%	CL A	30303M102
VZ	VERIZON COMMUNICATIONS INC	6,302	$264	0.0%	$35.93	0.0%	COM	92343V104
AMD	ADVANCED MICRO DEVICES INC	1,304	$235	0.0%	$174.81	0.0%	COM	007903107
VIG	VANGUARD SPECIALIZED FUNDS	1,266	$231	0.0%	$182.57	—	DIV APP ETF	921908844
VGT	VANGUARD WORLD FD	438	$230	0.0%	$524.77	—	INF TECH ETF	92204A702
IUSB	ISHARES TR	4,952	$226	0.0%	$45.59	—	CORE TOTAL USD	46434V613
KO	COCA COLA CO	3,586	$219	0.0%	$56.70	0.0%	COM	191216100
PDBC	INVESCO ACTVELY MNGD ETC FD	10,674	$148	0.0%	$13.87	—	OPTIMUM YIELD	46090F100
SCTXX	SCHWAB CHARLES FAMILY FD	50,000	$50	0.0%	$1.00	—	AMT TAX FREE MNY	808515530
—	PIMCO HIGH INCOME FD	10,031	$50	0.0%	$4.94	—	COM SHS	722014107

Increased Positions (46)

FNDX SCHWAB STRATEGIC TR 11.8%

Value ($000) $8,620,775 (+10.9%) Shares 127,923,658 (+1.9%) Est. Cost $41.28 Unrealized —

SCHX SCHWAB STRATEGIC TR 8.3%

Value ($000) $6,060,717 (+11.2%) Shares 97,658,992 (+1.0%) Est. Cost $60.07 Unrealized —

FNDF SCHWAB STRATEGIC TR 6.6%

Value ($000) $4,775,109 (+8.3%) Shares 134,094,612 (+2.6%) Est. Cost $27.81 Unrealized —

FNDA SCHWAB STRATEGIC TR 7.5%

Value ($000) $5,472,144 (+5.7%) Shares 95,952,017 (+2.6%) Est. Cost $39.11 Unrealized —

SCHA SCHWAB STRATEGIC TR 5.2%

Value ($000) $3,761,019 (+6.7%) Shares 76,381,367 (+2.3%) Est. Cost $56.61 Unrealized —

SCHF SCHWAB STRATEGIC TR 4.1%

Value ($000) $2,978,081 (+8.3%) Shares 76,321,924 (+2.6%) Est. Cost $32.22 Unrealized —

FNDE SCHWAB STRATEGIC TR 4.8%

Value ($000) $3,466,614 (+3.5%) Shares 124,878,009 (+1.2%) Est. Cost $25.88 Unrealized —

SCHI SCHWAB STRATEGIC TR 6.8%

Value ($000) $4,947,457 (+1.8%) Shares 111,203,789 (+2.8%) Est. Cost $44.65 Unrealized —

SCHE SCHWAB STRATEGIC TR 3.0%

Value ($000) $2,153,908 (+3.5%) Shares 85,303,270 (+1.6%) Est. Cost $25.78 Unrealized —

VTEB VANGUARD MUN BD FDS 2.1%

Value ($000) $1,491,990 (+3.8%) Shares 29,485,963 (+4.7%) Est. Cost $51.25 Unrealized —

VMBS VANGUARD SCOTTSDALE FDS 8.5%

Value ($000) $6,157,155 (+0.5%) Shares 134,995,733 (+2.2%) Est. Cost $50.03 Unrealized —

CMF ISHARES TR 0.8%

Value ($000) $551,382 (+4.8%) Shares 9,582,583 (+5.5%) Est. Cost $58.64 Unrealized —

EBND SPDR SER TR 1.4%

Value ($000) $999,820 (-2.4%) Shares 48,771,686 (+1.1%) Est. Cost $21.87 Unrealized —

SCHR SCHWAB STRATEGIC TR 5.5%

Value ($000) $3,974,755 (+0.6%) Shares 81,034,760 (+1.9%) Est. Cost $51.71 Unrealized —

SCHP SCHWAB STRATEGIC TR 1.3%

Value ($000) $934,683 (+2.2%) Shares 17,919,530 (+2.2%) Est. Cost $57.90 Unrealized —

HAUZ DBX ETF TR 0.9%

Value ($000) $644,211 (+2.3%) Shares 29,755,831 (+3.4%) Est. Cost $24.55 Unrealized —

SCHH SCHWAB STRATEGIC TR 1.5%

Value ($000) $1,093,377 (+0.8%) Shares 53,860,915 (+2.8%) Est. Cost $30.71 Unrealized —

HDEF DBX ETF TR 1.0%

Value ($000) $738,152 (+1.1%) Shares 29,921,041 (+1.1%) Est. Cost $22.34 Unrealized —

IAGG ISHARES TR 0.0%

Value ($000) $26,787 (+9.1%) Shares 536,271 (+8.7%) Est. Cost $52.41 Unrealized —

NVDA NVIDIA CORPORATION 0.0%

Value ($000) $1,584 (+173.5%) Shares 1,753 (+49.8%) Est. Cost $48.74 Unrealized +48.6%

MSFT MICROSOFT CORP 0.0%

Value ($000) $2,117 (+26.1%) Shares 5,032 (+12.7%) Est. Cost $273.61 Unrealized +45.9%

AMZN AMAZON COM INC 0.0%

Value ($000) $1,109 (+32.4%) Shares 6,148 (+11.6%) Est. Cost $132.18 Unrealized +26.3%

SNAP SNAP INC 0.0%

Value ($000) $411 (-30.3%) Shares 35,807 (+2.7%) Est. Cost $11.21 Unrealized +19.5%

VTI VANGUARD INDEX FDS 0.0%

Value ($000) $1,251 (+16.3%) Shares 4,815 (+6.2%) Est. Cost $219.68 Unrealized —

VUG VANGUARD INDEX FDS 0.0%

Value ($000) $370 (+72.1%) Shares 1,074 (+55.4%) Est. Cost $322.78 Unrealized —

TSLA TESLA INC 0.0%

Value ($000) $955 (-11.0%) Shares 5,431 (+25.7%) Est. Cost $214.82 Unrealized -9.1%

GOOGL ALPHABET INC 0.0%

Value ($000) $783 (+16.3%) Shares 5,189 (+7.7%) Est. Cost $112.04 Unrealized +26.7%

CVX CHEVRON CORP NEW 0.0%

Value ($000) $394 (+36.5%) Shares 2,499 (+29.1%) Est. Cost $130.72 Unrealized +6.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $482 (+26.4%) Shares 1,146 (+7.2%) Est. Cost $301.40 Unrealized +30.5%

JPM JPMORGAN CHASE & CO 0.0%

Value ($000) $517 (+21.5%) Shares 2,580 (+3.2%) Est. Cost $133.83 Unrealized +29.7%

BND VANGUARD BD INDEX FDS 0.0%

Value ($000) $427 (+26.4%) Shares 5,880 (+28.0%) Est. Cost $77.64 Unrealized —

QCOM QUALCOMM INC 0.0%

Value ($000) $527 (+19.0%) Shares 3,115 (+1.7%) Est. Cost $109.14 Unrealized +36.1%

XLK SELECT SECTOR SPDR TR 0.0%

Value ($000) $585 (+16.7%) Shares 2,810 (+7.8%) Est. Cost $172.68 Unrealized —

WMT WALMART INC 0.0%

Value ($000) $286 (+40.3%) Shares 4,754 (+267.7%) Est. Cost $54.13 Unrealized +3.5%

PG PROCTER AND GAMBLE CO 0.0%

Value ($000) $364 (+24.4%) Shares 2,246 (+12.4%) Est. Cost $139.23 Unrealized +7.6%

SCHB SCHWAB STRATEGIC TR 0.0%

Value ($000) $624 (+12.0%) Shares 10,214 (+2.1%) Est. Cost $63.80 Unrealized —

HD HOME DEPOT INC 0.0%

Value ($000) $500 (+14.0%) Shares 1,305 (+3.1%) Est. Cost $293.37 Unrealized +18.8%

ORCL ORACLE CORP 0.0%

Value ($000) $270 (+23.2%) Shares 2,146 (+3.4%) Est. Cost $106.90 Unrealized +5.1%

ITOT ISHARES TR 0.0%

Value ($000) $467 (+11.8%) Shares 4,049 (+2.0%) Est. Cost $86.07 Unrealized —

CVE CENOVUS ENERGY INC 0.0%

Value ($000) $243 (+21.8%) Shares 12,175 (+1.5%) Est. Cost $16.07 Unrealized +0.8%

AGG ISHARES TR 0.0%

Value ($000) $584 (+6.4%) Shares 5,964 (+7.8%) Est. Cost $97.80 Unrealized —

V VISA INC 0.0%

Value ($000) $268 (+13.4%) Shares 962 (+5.7%) Est. Cost $227.98 Unrealized +19.5%

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $240 (+10.4%) Shares 484 (+17.5%) Est. Cost $472.77 Unrealized +3.4%

SBUX STARBUCKS CORP 0.0%

Value ($000) $226 (-2.0%) Shares 2,474 (+2.9%) Est. Cost $93.47 Unrealized -5.2%

ACN ACCENTURE PLC IRELAND 0.0%

Value ($000) $214 (+0.9%) Shares 616 (+2.2%) Est. Cost $313.57 Unrealized +13.1%

CSCO CISCO SYS INC 0.0%

Value ($000) $276 (+0.7%) Shares 5,524 (+1.9%) Est. Cost $45.21 Unrealized +4.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FNDX	SCHWAB STRATEGIC TR	127,923,658 (+1.9%)	$8,620,775 (+10.9%)	11.8%	$41.28	—	SCHWAB FDT US LG	808524771
SCHX	SCHWAB STRATEGIC TR	97,658,992 (+1.0%)	$6,060,717 (+11.2%)	8.3%	$60.07	—	US LRG CAP ETF	808524201
FNDF	SCHWAB STRATEGIC TR	134,094,612 (+2.6%)	$4,775,109 (+8.3%)	6.6%	$27.81	—	SCHWB FDT INT LG	808524755
FNDA	SCHWAB STRATEGIC TR	95,952,017 (+2.6%)	$5,472,144 (+5.7%)	7.5%	$39.11	—	SCHWAB FDT US SC	808524763
SCHA	SCHWAB STRATEGIC TR	76,381,367 (+2.3%)	$3,761,019 (+6.7%)	5.2%	$56.61	—	US SML CAP ETF	808524607
SCHF	SCHWAB STRATEGIC TR	76,321,924 (+2.6%)	$2,978,081 (+8.3%)	4.1%	$32.22	—	INTL EQTY ETF	808524805
FNDE	SCHWAB STRATEGIC TR	124,878,009 (+1.2%)	$3,466,614 (+3.5%)	4.8%	$25.88	—	SCHWB FDT EMK LG	808524730
SCHI	SCHWAB STRATEGIC TR	111,203,789 (+2.8%)	$4,947,457 (+1.8%)	6.8%	$44.65	—	5 10YR CORP BD	808524698
SCHE	SCHWAB STRATEGIC TR	85,303,270 (+1.6%)	$2,153,908 (+3.5%)	3.0%	$25.78	—	EMRG MKTEQ ETF	808524706
VTEB	VANGUARD MUN BD FDS	29,485,963 (+4.7%)	$1,491,990 (+3.8%)	2.1%	$51.25	—	TAX EXEMPT BD	922907746
VMBS	VANGUARD SCOTTSDALE FDS	134,995,733 (+2.2%)	$6,157,155 (+0.5%)	8.5%	$50.03	—	MTG-BKD SECS ETF	92206C771
CMF	ISHARES TR	9,582,583 (+5.5%)	$551,382 (+4.8%)	0.8%	$58.64	—	CALIF MUN BD ETF	464288356
EBND	SPDR SER TR	48,771,686 (+1.1%)	$999,820 (-2.4%)	1.4%	$21.87	—	BLOOMBERG EMERGI	78464A391
SCHR	SCHWAB STRATEGIC TR	81,034,760 (+1.9%)	$3,974,755 (+0.6%)	5.5%	$51.71	—	INT-TRM U.S TRES	808524854
SCHP	SCHWAB STRATEGIC TR	17,919,530 (+2.2%)	$934,683 (+2.2%)	1.3%	$57.90	—	US TIPS ETF	808524870
HAUZ	DBX ETF TR	29,755,831 (+3.4%)	$644,211 (+2.3%)	0.9%	$24.55	—	XTRACK INTL REAL	233051846
SCHH	SCHWAB STRATEGIC TR	53,860,915 (+2.8%)	$1,093,377 (+0.8%)	1.5%	$30.71	—	US REIT ETF	808524847
HDEF	DBX ETF TR	29,921,041 (+1.1%)	$738,152 (+1.1%)	1.0%	$22.34	—	XTRACK MSCI EAFE	233051630
IAGG	ISHARES TR	536,271 (+8.7%)	$26,787 (+9.1%)	0.0%	$52.41	—	CORE INTL AGGR	46435G672
NVDA	NVIDIA CORPORATION	1,753 (+49.8%)	$1,584 (+173.5%)	0.0%	$48.74	+48.6%	COM	67066G104
MSFT	MICROSOFT CORP	5,032 (+12.7%)	$2,117 (+26.1%)	0.0%	$273.61	+45.9%	COM	594918104
AMZN	AMAZON COM INC	6,148 (+11.6%)	$1,109 (+32.4%)	0.0%	$132.18	+26.3%	COM	023135106
SNAP	SNAP INC	35,807 (+2.7%)	$411 (-30.3%)	0.0%	$11.21	+19.5%	CL A	83304A106
VTI	VANGUARD INDEX FDS	4,815 (+6.2%)	$1,251 (+16.3%)	0.0%	$219.68	—	TOTAL STK MKT	922908769
VUG	VANGUARD INDEX FDS	1,074 (+55.4%)	$370 (+72.1%)	0.0%	$322.78	—	GROWTH ETF	922908736
TSLA	TESLA INC	5,431 (+25.7%)	$955 (-11.0%)	0.0%	$214.82	-9.1%	COM	88160R101
GOOGL	ALPHABET INC	5,189 (+7.7%)	$783 (+16.3%)	0.0%	$112.04	+26.7%	CAP STK CL A	02079K305
CVX	CHEVRON CORP NEW	2,499 (+29.1%)	$394 (+36.5%)	0.0%	$130.72	+6.3%	COM	166764100
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,146 (+7.2%)	$482 (+26.4%)	0.0%	$301.40	+30.5%	CL B NEW	084670702
JPM	JPMORGAN CHASE & CO	2,580 (+3.2%)	$517 (+21.5%)	0.0%	$133.83	+29.7%	COM	46625H100
BND	VANGUARD BD INDEX FDS	5,880 (+28.0%)	$427 (+26.4%)	0.0%	$77.64	—	TOTAL BND MRKT	921937835
QCOM	QUALCOMM INC	3,115 (+1.7%)	$527 (+19.0%)	0.0%	$109.14	+36.1%	COM	747525103
XLK	SELECT SECTOR SPDR TR	2,810 (+7.8%)	$585 (+16.7%)	0.0%	$172.68	—	TECHNOLOGY	81369Y803
WMT	WALMART INC	4,754 (+267.7%)	$286 (+40.3%)	0.0%	$54.13	+3.5%	COM	931142103
PG	PROCTER AND GAMBLE CO	2,246 (+12.4%)	$364 (+24.4%)	0.0%	$139.23	+7.6%	COM	742718109
SCHB	SCHWAB STRATEGIC TR	10,214 (+2.1%)	$624 (+12.0%)	0.0%	$63.80	—	US BRD MKT ETF	808524102
HD	HOME DEPOT INC	1,305 (+3.1%)	$500 (+14.0%)	0.0%	$293.37	+18.8%	COM	437076102
ORCL	ORACLE CORP	2,146 (+3.4%)	$270 (+23.2%)	0.0%	$106.90	+5.1%	COM	68389X105
ITOT	ISHARES TR	4,049 (+2.0%)	$467 (+11.8%)	0.0%	$86.07	—	CORE S&P TTL STK	464287150
CVE	CENOVUS ENERGY INC	12,175 (+1.5%)	$243 (+21.8%)	0.0%	$16.07	+0.8%	COM	15135U109
AGG	ISHARES TR	5,964 (+7.8%)	$584 (+6.4%)	0.0%	$97.80	—	CORE US AGGBD ET	464287226
V	VISA INC	962 (+5.7%)	$268 (+13.4%)	0.0%	$227.98	+19.5%	COM CL A	92826C839
UNH	UNITEDHEALTH GROUP INC	484 (+17.5%)	$240 (+10.4%)	0.0%	$472.77	+3.4%	COM	91324P102
SBUX	STARBUCKS CORP	2,474 (+2.9%)	$226 (-2.0%)	0.0%	$93.47	-5.2%	COM	855244109
ACN	ACCENTURE PLC IRELAND	616 (+2.2%)	$214 (+0.9%)	0.0%	$313.57	+13.1%	SHS CLASS A	G1151C101
CSCO	CISCO SYS INC	5,524 (+1.9%)	$276 (+0.7%)	0.0%	$45.21	+4.4%	COM	17275R102

Exited Positions (9)

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $676 Shares 39,350 Est. Cost $11.94 Unrealized +78.5%

VWO VANGUARD INTL EQUITY INDEX F 0.0%

Value ($000) $272 Shares 6,627 Est. Cost $39.53 Unrealized —

HUM HUMANA INC 0.0%

Value ($000) $265 Shares 579 Est. Cost $367.84 Unrealized +0.5%

BSV VANGUARD BD INDEX FDS 0.0%

Value ($000) $264 Shares 3,422 Est. Cost $77.03 Unrealized —

DIS DISNEY WALT CO 0.0%

Value ($000) $242 Shares 2,676 Est. Cost $86.20 Unrealized +18.8%

SCHW SCHWAB CHARLES CORP 0.0%

Value ($000) $238 Shares 3,462 Est. Cost $56.12 Unrealized +14.5%

IEP ICAHN ENTERPRISES LP 0.0%

Value ($000) $216 Shares 12,569 Est. Cost $49.25 Unrealized —

SPSM SPDR SER TR 0.0%

Value ($000) $216 Shares 5,116 Est. Cost $42.18 Unrealized —

— LUCID GROUP INC 0.0%

Value ($000) $49 Shares 11,731 Est. Cost $4.21 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLTR	PALANTIR TECHNOLOGIES INC	39,350	$676	0.0%	$11.94	+78.5%	—	69608A108
VWO	VANGUARD INTL EQUITY INDEX F	6,627	$272	0.0%	$39.53	—	—	922042858
HUM	HUMANA INC	579	$265	0.0%	$367.84	+0.5%	—	444859102
BSV	VANGUARD BD INDEX FDS	3,422	$264	0.0%	$77.03	—	—	921937827
DIS	DISNEY WALT CO	2,676	$242	0.0%	$86.20	+18.8%	—	254687106
SCHW	SCHWAB CHARLES CORP	3,462	$238	0.0%	$56.12	+14.5%	—	808513105
IEP	ICAHN ENTERPRISES LP	12,569	$216	0.0%	$49.25	—	—	451100101
SPSM	SPDR SER TR	5,116	$216	0.0%	$42.18	—	—	78468R853
—	LUCID GROUP INC	11,731	$49	0.0%	$4.21	—	—	549498103

Decreased Positions (48)

PFFD GLOBAL X FDS 0.0%

Value ($000) $412 (-99.1%) Shares 20,417 (-99.2%) Est. Cost $23.85 Unrealized —

MUB ISHARES TR 1.3%

Value ($000) $927,374 (-4.7%) Shares 8,618,722 (-4.0%) Est. Cost $103.54 Unrealized —

PRF INVESCO EXCHANGE TRADED FD T 1.3%

Value ($000) $926,979 (+3.9%) Shares 24,096,157 (-5.0%) Est. Cost $51.28 Unrealized —

VOO VANGUARD INDEX FDS 0.8%

Value ($000) $573,945 (+4.4%) Shares 1,193,977 (-5.2%) Est. Cost $273.39 Unrealized —

MBB ISHARES TR 0.7%

Value ($000) $496,187 (-3.4%) Shares 5,368,826 (-1.7%) Est. Cost $100.06 Unrealized —

VB VANGUARD INDEX FDS 0.6%

Value ($000) $411,319 (+4.0%) Shares 1,799,373 (-3.0%) Est. Cost $169.92 Unrealized —

SPIB SPDR SER TR 0.6%

Value ($000) $408,225 (-3.7%) Shares 12,487,778 (-3.2%) Est. Cost $32.54 Unrealized —

EMLC VANECK ETF TRUST 0.2%

Value ($000) $175,619 (-7.3%) Shares 7,165,183 (-4.1%) Est. Cost $25.89 Unrealized —

VNQI VANGUARD INTL EQUITY INDEX F 0.4%

Value ($000) $276,094 (-4.6%) Shares 6,551,837 (-3.6%) Est. Cost $54.04 Unrealized —

PRFZ INVESCO EXCHANGE TRADED FD T 1.1%

Value ($000) $799,635 (+1.5%) Shares 20,357,310 (-3.1%) Est. Cost $53.23 Unrealized —

IEI ISHARES TR 0.4%

Value ($000) $314,260 (-3.7%) Shares 2,713,582 (-2.6%) Est. Cost $116.40 Unrealized —

PDN INVESCO EXCH TRADED FD TR II 0.4%

Value ($000) $289,767 (-3.1%) Shares 8,812,855 (-4.3%) Est. Cost $30.37 Unrealized —

PWZ INVESCO EXCH TRADED FD TR II 0.3%

Value ($000) $236,385 (-3.6%) Shares 9,504,808 (-3.2%) Est. Cost $24.79 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.6%

Value ($000) $467,957 (+1.9%) Shares 9,327,426 (-2.7%) Est. Cost $42.94 Unrealized —

USRT ISHARES TR 0.2%

Value ($000) $139,703 (-4.3%) Shares 2,596,716 (-3.4%) Est. Cost $46.68 Unrealized —

VSS VANGUARD INTL EQUITY INDEX F 0.3%

Value ($000) $199,080 (-2.5%) Shares 1,703,873 (-4.0%) Est. Cost $101.79 Unrealized —

PXH INVESCO EXCH TRADED FD TR II 0.7%

Value ($000) $504,786 (-0.9%) Shares 25,939,683 (-2.7%) Est. Cost $19.15 Unrealized —

IEMG ISHARES INC 0.5%

Value ($000) $390,986 (-1.1%) Shares 7,577,239 (-3.0%) Est. Cost $48.41 Unrealized —

PXF INVESCO EXCH TRADED FD TR II 0.8%

Value ($000) $565,256 (+0.7%) Shares 11,384,812 (-3.8%) Est. Cost $39.13 Unrealized —

SPIP SPDR SER TR 0.1%

Value ($000) $90,609 (-3.4%) Shares 3,536,643 (-3.6%) Est. Cost $32.63 Unrealized —

BNDX VANGUARD CHARLOTTE FDS 0.0%

Value ($000) $26,560 (-7.4%) Shares 539,947 (-7.1%) Est. Cost $56.29 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 0.0%

Value ($000) $11,057 (-10.5%) Shares 137,336 (-9.6%) Est. Cost $93.87 Unrealized —

VYM VANGUARD WHITEHALL FDS 0.1%

Value ($000) $98,841 (-1.0%) Shares 816,936 (-8.7%) Est. Cost $88.12 Unrealized —

USHY ISHARES TR 0.0%

Value ($000) $21,475 (-3.0%) Shares 586,921 (-3.7%) Est. Cost $43.14 Unrealized —

PSK SPDR SER TR 0.0%

Value ($000) $5,091 (-4.6%) Shares 145,990 (-8.3%) Est. Cost $37.13 Unrealized —

VTV VANGUARD INDEX FDS 0.0%

Value ($000) $255 (-42.8%) Shares 1,568 (-47.5%) Est. Cost $138.30 Unrealized —

GLTR ABRDN PRECIOUS METALS BASKET 0.0%

Value ($000) $21,077 (-0.8%) Shares 220,698 (-5.5%) Est. Cost $74.62 Unrealized —

IEFA ISHARES TR 0.0%

Value ($000) $397 (-23.5%) Shares 5,356 (-27.5%) Est. Cost $70.35 Unrealized —

IGSB ISHARES TR 0.0%

Value ($000) $872 (-11.7%) Shares 17,002 (-11.7%) Est. Cost $52.87 Unrealized —

QQQ INVESCO QQQ TR 0.0%

Value ($000) $2,020 (+5.6%) Shares 4,550 (-2.6%) Est. Cost $339.34 Unrealized —

VYMI VANGUARD WHITEHALL FDS 0.1%

Value ($000) $107,085 (+0.1%) Shares 1,556,472 (-3.3%) Est. Cost $59.70 Unrealized —

SPY SPDR S&P 500 ETF TR 0.0%

Value ($000) $1,140 (+5.7%) Shares 2,180 (-4.0%) Est. Cost $420.47 Unrealized —

IEF ISHARES TR 0.0%

Value ($000) $378 (-12.6%) Shares 3,989 (-11.0%) Est. Cost $96.41 Unrealized —

SPYM SPDR SER TR 0.0%

Value ($000) $204 (-18.8%) Shares 3,315 (-26.3%) Est. Cost $55.90 Unrealized —

TFI SPDR SER TR 0.0%

Value ($000) $883 (-5.0%) Shares 18,999 (-4.0%) Est. Cost $49.00 Unrealized —

XOM EXXON MOBIL CORP 0.0%

Value ($000) $249 (-15.5%) Shares 2,145 (-27.3%) Est. Cost $55.60 Unrealized +76.4%

IWF ISHARES TR 0.0%

Value ($000) $633 (+5.7%) Shares 1,879 (-5.0%) Est. Cost $303.12 Unrealized —

MCD MCDONALDS CORP 0.0%

Value ($000) $233 (-12.1%) Shares 828 (-7.6%) Est. Cost $258.68 Unrealized +7.5%

JPST J P MORGAN EXCHANGE TRADED F 0.0%

Value ($000) $507 (-6.0%) Shares 10,042 (-6.4%) Est. Cost $50.18 Unrealized —

JMBS JANUS DETROIT STR TR 0.0%

Value ($000) $308 (-9.2%) Shares 6,831 (-7.5%) Est. Cost $45.94 Unrealized —

AVGO BROADCOM INC 0.0%

Value ($000) $333 (-7.7%) Shares 251 (-22.3%) Est. Cost $50.82 Unrealized +138.5%

SCHG SCHWAB STRATEGIC TR 0.0%

Value ($000) $358 (+8.4%) Shares 3,865 (-3.0%) Est. Cost $60.95 Unrealized —

FTEC FIDELITY COVINGTON TRUST 0.0%

Value ($000) $377 (-5.8%) Shares 2,420 (-13.2%) Est. Cost $129.67 Unrealized —

IWD ISHARES TR 0.0%

Value ($000) $363 (+6.2%) Shares 2,029 (-2.1%) Est. Cost $165.22 Unrealized —

JNJ JOHNSON & JOHNSON 0.0%

Value ($000) $242 (-4.0%) Shares 1,528 (-4.9%) Est. Cost $146.98 Unrealized +2.2%

IVV ISHARES TR 0.0%

Value ($000) $1,246 (+0.7%) Shares 2,369 (-8.6%) Est. Cost $417.46 Unrealized —

MLPA GLOBAL X FDS 0.0%

Value ($000) $238 (+0.7%) Shares 4,930 (-7.5%) Est. Cost $27.22 Unrealized —

SPDW SPDR INDEX SHS FDS 0.0%

Value ($000) $228 (+0.0%) Shares 6,369 (-5.1%) Est. Cost $29.78 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFFD	GLOBAL X FDS	20,417 (-99.2%)	$412 (-99.1%)	0.0%	$23.85	—	US PFD ETF	37954Y657
MUB	ISHARES TR	8,618,722 (-4.0%)	$927,374 (-4.7%)	1.3%	$103.54	—	NATIONAL MUN ETF	464288414
PRF	INVESCO EXCHANGE TRADED FD T	24,096,157 (-5.0%)	$926,979 (+3.9%)	1.3%	$51.28	—	FTSE RAFI 1000	46137V613
VOO	VANGUARD INDEX FDS	1,193,977 (-5.2%)	$573,945 (+4.4%)	0.8%	$273.39	—	S&P 500 ETF SHS	922908363
MBB	ISHARES TR	5,368,826 (-1.7%)	$496,187 (-3.4%)	0.7%	$100.06	—	MBS ETF	464288588
VB	VANGUARD INDEX FDS	1,799,373 (-3.0%)	$411,319 (+4.0%)	0.6%	$169.92	—	SMALL CP ETF	922908751
SPIB	SPDR SER TR	12,487,778 (-3.2%)	$408,225 (-3.7%)	0.6%	$32.54	—	PORTFOLIO INTRMD	78464A375
EMLC	VANECK ETF TRUST	7,165,183 (-4.1%)	$175,619 (-7.3%)	0.2%	$25.89	—	JP MRGAN EM LOC	92189H300
VNQI	VANGUARD INTL EQUITY INDEX F	6,551,837 (-3.6%)	$276,094 (-4.6%)	0.4%	$54.04	—	GLB EX US ETF	922042676
PRFZ	INVESCO EXCHANGE TRADED FD T	20,357,310 (-3.1%)	$799,635 (+1.5%)	1.1%	$53.23	—	FTSE RAFI 1500	46137V597
IEI	ISHARES TR	2,713,582 (-2.6%)	$314,260 (-3.7%)	0.4%	$116.40	—	3 7 YR TREAS BD	464288661
PDN	INVESCO EXCH TRADED FD TR II	8,812,855 (-4.3%)	$289,767 (-3.1%)	0.4%	$30.37	—	FTSE RAFI SML	46138E735
PWZ	INVESCO EXCH TRADED FD TR II	9,504,808 (-3.2%)	$236,385 (-3.6%)	0.3%	$24.79	—	CALIF AMT MUN	46138E206
VEA	VANGUARD TAX-MANAGED FDS	9,327,426 (-2.7%)	$467,957 (+1.9%)	0.6%	$42.94	—	VAN FTSE DEV MKT	921943858
USRT	ISHARES TR	2,596,716 (-3.4%)	$139,703 (-4.3%)	0.2%	$46.68	—	CRE U S REIT ETF	464288521
VSS	VANGUARD INTL EQUITY INDEX F	1,703,873 (-4.0%)	$199,080 (-2.5%)	0.3%	$101.79	—	FTSE SMCAP ETF	922042718
PXH	INVESCO EXCH TRADED FD TR II	25,939,683 (-2.7%)	$504,786 (-0.9%)	0.7%	$19.15	—	FTSE RAFI EMNG	46138E727
IEMG	ISHARES INC	7,577,239 (-3.0%)	$390,986 (-1.1%)	0.5%	$48.41	—	CORE MSCI EMKT	46434G103
PXF	INVESCO EXCH TRADED FD TR II	11,384,812 (-3.8%)	$565,256 (+0.7%)	0.8%	$39.13	—	FTSE RAFI DEV	46138E743
SPIP	SPDR SER TR	3,536,643 (-3.6%)	$90,609 (-3.4%)	0.1%	$32.63	—	PORTFLI TIPS ETF	78464A656
BNDX	VANGUARD CHARLOTTE FDS	539,947 (-7.1%)	$26,560 (-7.4%)	0.0%	$56.29	—	TOTAL INT BD ETF	92203J407
VCIT	VANGUARD SCOTTSDALE FDS	137,336 (-9.6%)	$11,057 (-10.5%)	0.0%	$93.87	—	INT-TERM CORP	92206C870
VYM	VANGUARD WHITEHALL FDS	816,936 (-8.7%)	$98,841 (-1.0%)	0.1%	$88.12	—	HIGH DIV YLD	921946406
USHY	ISHARES TR	586,921 (-3.7%)	$21,475 (-3.0%)	0.0%	$43.14	—	BROAD USD HIGH	46435U853
PSK	SPDR SER TR	145,990 (-8.3%)	$5,091 (-4.6%)	0.0%	$37.13	—	ICE PFD SEC ETF	78464A292
VTV	VANGUARD INDEX FDS	1,568 (-47.5%)	$255 (-42.8%)	0.0%	$138.30	—	VALUE ETF	922908744
GLTR	ABRDN PRECIOUS METALS BASKET	220,698 (-5.5%)	$21,077 (-0.8%)	0.0%	$74.62	—	PHYSCL PRECS MET	003263100
IEFA	ISHARES TR	5,356 (-27.5%)	$397 (-23.5%)	0.0%	$70.35	—	CORE MSCI EAFE	46432F842
IGSB	ISHARES TR	17,002 (-11.7%)	$872 (-11.7%)	0.0%	$52.87	—	ISHS 1-5YR INVS	464288646
QQQ	INVESCO QQQ TR	4,550 (-2.6%)	$2,020 (+5.6%)	0.0%	$339.34	—	UNIT SER 1	46090E103
VYMI	VANGUARD WHITEHALL FDS	1,556,472 (-3.3%)	$107,085 (+0.1%)	0.1%	$59.70	—	INTL HIGH ETF	921946794
SPY	SPDR S&P 500 ETF TR	2,180 (-4.0%)	$1,140 (+5.7%)	0.0%	$420.47	—	TR UNIT	78462F103
IEF	ISHARES TR	3,989 (-11.0%)	$378 (-12.6%)	0.0%	$96.41	—	7-10 YR TRSY BD	464287440
SPYM	SPDR SER TR	3,315 (-26.3%)	$204 (-18.8%)	0.0%	$55.90	—	PORTFOLIO S&P500	78464A854
TFI	SPDR SER TR	18,999 (-4.0%)	$883 (-5.0%)	0.0%	$49.00	—	NUVEEN BLMBRG MU	78468R721
XOM	EXXON MOBIL CORP	2,145 (-27.3%)	$249 (-15.5%)	0.0%	$55.60	+76.4%	COM	30231G102
IWF	ISHARES TR	1,879 (-5.0%)	$633 (+5.7%)	0.0%	$303.12	—	RUS 1000 GRW ETF	464287614
MCD	MCDONALDS CORP	828 (-7.6%)	$233 (-12.1%)	0.0%	$258.68	+7.5%	COM	580135101
JPST	J P MORGAN EXCHANGE TRADED F	10,042 (-6.4%)	$507 (-6.0%)	0.0%	$50.18	—	ULTRA SHRT INC	46641Q837
JMBS	JANUS DETROIT STR TR	6,831 (-7.5%)	$308 (-9.2%)	0.0%	$45.94	—	HENDERSON MTG	47103U852
AVGO	BROADCOM INC	251 (-22.3%)	$333 (-7.7%)	0.0%	$50.82	+138.5%	COM	11135F101
SCHG	SCHWAB STRATEGIC TR	3,865 (-3.0%)	$358 (+8.4%)	0.0%	$60.95	—	US LCAP GR ETF	808524300
FTEC	FIDELITY COVINGTON TRUST	2,420 (-13.2%)	$377 (-5.8%)	0.0%	$129.67	—	MSCI INFO TECH I	316092808
IWD	ISHARES TR	2,029 (-2.1%)	$363 (+6.2%)	0.0%	$165.22	—	RUS 1000 VAL ETF	464287598
JNJ	JOHNSON & JOHNSON	1,528 (-4.9%)	$242 (-4.0%)	0.0%	$146.98	+2.2%	COM	478160104
IVV	ISHARES TR	2,369 (-8.6%)	$1,246 (+0.7%)	0.0%	$417.46	—	CORE S&P500 ETF	464287200
MLPA	GLOBAL X FDS	4,930 (-7.5%)	$238 (+0.7%)	0.0%	$27.22	—	GLBL X MLP ETF	37954Y343
SPDW	SPDR INDEX SHS FDS	6,369 (-5.1%)	$228 (+0.0%)	0.0%	$29.78	—	PORTFOLIO DEVLPD	78463X889

Unchanged Positions (15)

IAU ISHARES GOLD TR 1.2%

Value ($000) $855,946 Shares 20,374,821 Est. Cost $33.78 Unrealized —

FNDC SCHWAB STRATEGIC TR 2.7%

Value ($000) $1,972,853 Shares 55,620,339 Est. Cost $31.62 Unrealized —

SCHC SCHWAB STRATEGIC TR 1.9%

Value ($000) $1,402,663 Shares 39,180,523 Est. Cost $33.14 Unrealized —

SCHD SCHWAB STRATEGIC TR 1.1%

Value ($000) $783,833 Shares 9,721,361 Est. Cost $52.66 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 0.1%

Value ($000) $83,576 Shares 3,951,565 Est. Cost $22.47 Unrealized —

HYLB DBX ETF TR 0.4%

Value ($000) $266,580 Shares 7,465,140 Est. Cost $45.64 Unrealized —

AAPL APPLE INC 0.0%

Value ($000) $1,260 Shares 7,345 Est. Cost $128.13 Unrealized +40.7%

MRK MERCK & CO INC 0.0%

Value ($000) $261 Shares 1,979 Est. Cost $96.81 Unrealized +19.6%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $258 Shares 352 Est. Cost $573.49 Unrealized +23.2%

— NUVEEN FLOATING RATE INCOME 0.0%

Value ($000) $212 Shares 24,303 Est. Cost $8.21 Unrealized —

— OLO INC 0.0%

Value ($000) $206 Shares 37,588 Est. Cost $7.90 Unrealized —

ISCF ISHARES TR 0.0%

Value ($000) $226 Shares 6,853 Est. Cost $32.13 Unrealized —

— INVESCO SR INCOME TR 0.0%

Value ($000) $77 Shares 18,052 Est. Cost $3.74 Unrealized —

IGIB ISHARES TR 0.0%

Value ($000) $261 Shares 5,058 Est. Cost $48.92 Unrealized —

SHYG ISHARES TR 0.0%

Value ($000) $200 Shares 4,706 Est. Cost $45.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAU	ISHARES GOLD TR	20,374,821	$855,946	1.2%	$33.78	—	ISHARES NEW	464285204
FNDC	SCHWAB STRATEGIC TR	55,620,339	$1,972,853	2.7%	$31.62	—	SCHWB FDT INT SC	808524748
SCHC	SCHWAB STRATEGIC TR	39,180,523	$1,402,663	1.9%	$33.14	—	INTL SCEQT ETF	808524888
SCHD	SCHWAB STRATEGIC TR	9,721,361	$783,833	1.1%	$52.66	—	US DIVIDEND EQ	808524797
BKLN	INVESCO EXCH TRADED FD TR II	3,951,565	$83,576	0.1%	$22.47	—	SR LN ETF	46138G508
HYLB	DBX ETF TR	7,465,140	$266,580	0.4%	$45.64	—	XTRACK USD HIGH	233051432
AAPL	APPLE INC	7,345	$1,260	0.0%	$128.13	+40.7%	COM	037833100
MRK	MERCK & CO INC	1,979	$261	0.0%	$96.81	+19.6%	COM	58933Y105
COST	COSTCO WHSL CORP NEW	352	$258	0.0%	$573.49	+23.2%	COM	22160K105
—	NUVEEN FLOATING RATE INCOME	24,303	$212	0.0%	$8.21	—	COM	67072T108
—	OLO INC	37,588	$206	0.0%	$7.90	—	CL A	68134L109
ISCF	ISHARES TR	6,853	$226	0.0%	$32.13	—	INTERNATIONAL SL	46434V266
—	INVESCO SR INCOME TR	18,052	$77	0.0%	$3.74	—	COM	46131H107
IGIB	ISHARES TR	5,058	$261	0.0%	$48.92	—	ISHS 5-10YR INVT	464288638
SHYG	ISHARES TR	4,706	$200	0.0%	$45.11	—	0-5YR HI YL CP	46434V407